Hedge fund Marshall Wace is a secret winner in the Amazon-led $575 million funding round for food-delivery company Deliveroo

The two bets by Marshall Wace, totaled roughly $122 million, according to Breakout Point. The firm also has a $53 million short on a third Deliveroo competitor, Berlin-based Delivery Hero. That company's stock price has gone up slightly since the news of the Amazon investment.Multi-billion-dollar hedge fund manager Daniel Sundheim is pumping up Netflix, but dismisses the Canadian pot industry

Marshall Wace, founded by billionaires Paul Marshall Wace and Ian Wace more than 20 years ago, manages $39 billion and is partially owned by KKR. Other funds with notable shorts on Deliveroo competitors are AQR, which took a $136 million bet against Just Eat and Delivery Hero, and Australian-based manager Platinum Investment Manager, which took a $87 million bet against Just Eat.

AQR and Takeaway.com declined to comment, while Marshall Wace and the other companies named did not immediately respond to requests for comment.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon leads $575 million investment round for food delivery company DeliverooAmazon is leading a $575 million funding round for Deliveroo, taking the total the food delivery firm has raised to date up to $1.53 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Amazon Leads $575 Million Investment Into Food Delivery Startup DeliverooFounded by Will Shu and Greg Orlowski in 2013, Deliveroo has now raised $1.53 billion in total. Cc Eldjai It's a good idea by Amazon. And a disrespecting shameless company which disrespects religious sentiments of Humans and doesn't apologise after doing wrong Man a times
Source: Forbes - 🏆 394. / 53 Read more »

Fund managers ‘well-hedged’ against stock-market tumble, but not betting on trade breakdown: surveyGlobal fund managers are taking out protection against a sharp fall in equity markets, but aren’t positioning for a breakdown in trade talks, according to a monthly survey. Its already broken down lol
Source: MarketWatch - 🏆 3. / 97 Read more »